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COURT ORDERS FINAL FORFEITURE OF OVER N700M LINKED TO FORMER GOVERNOR

The Abuja Division of the Federal High Court has ordered the final forfeiture of about N700million linked to former Governor of Zamfara State, Abdulaziz Yari, to the Federal Government.

The forfeiture order followed an application brought before the court by the Independent Corrupt Practices and other related offences Commission, ICPC alleging that the former governor kept the funds in two accounts in two new generation banks, using his companies – Kayatawa Nigeria Limited and B.T. Oil and Gas Nigeria Limited.

The Commission alleged that the money was siphoned from Zamfara State treasury.

The court had on August 16, 2019, ordered interim forfeiture of the funds pending when Yari and his companies could prove why it should not be permanently forfeited to federal government.

But following the failure of the Respondents to justify why they should retain ownership of the funds, the court, on Tuesday, entered judgment against them.

Justice Ijeoma Ojukwu held that Yari could not prove how he either got the fund while served as governor between 2011, and May 2019 nor after he exited the office.

She held that there was no clear explanation of how the fund in the account of one of the companies grew from zero to more than 300 000 dollars at the end of his tenure.

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